{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-039473","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.565324+00:00","generated_at":"2026-05-30T20:27:18.123957+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Beneficient reclassifies $126M to permanent equity, appoints Patrick Donegan to board","bullets":["Appointed Patrick J. Donegan as independent director, effective Sept 30, 2024; serves on Audit, Credit, Risk, and Related Party committees.","Donegan granted 100,000 stock options at $1.23/share and 138,212 RSUs, vesting quarterly over two and one years respectively.","Subsidiary BCH redesignated 50% of preferred equity as non-redeemable, reclassifying ~$126M from temporary to permanent equity.","Redesignation approved by founders holding majority of preferred equity; effective Sept 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-039473","json":"https://secwatch.observer/filing/0001493152-24-039473.json","markdown":"https://secwatch.observer/filing/0001493152-24-039473.md","text":"https://secwatch.observer/filing/0001493152-24-039473.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224039473/0001493152-24-039473-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224039473/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T20:27:18.123957+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b757996aa","claim":"Patrick J. Donegan was appointed as Director at Beneficient.","evidence_excerpt":"On September 30, 2024, the board of directors (the “Board”) of the Company appointed Patrick J. Donegan to serve as a director of the Company, effective September 30, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000149315224039473/0001493152-24-039473-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}